Please be extremely careful off this type of transaction have an Realtor represent you . Many issues are misunderstood between tenant and property owner. Many scams are out there don't fall victim .

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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Julie,

The demand for lease/purchase property at this time far exceeds the number of homes available under this kind of arrangement since this seems to be the direction that many home owners that suffered through selling their homes through distressed means....short sales and foreclosures.

Since most home owners that want to escape home ownership are not interested in becoming a landlords the number of lease options small. In our opinion, the best way to identify one in the local market is to do so through a RE professional. If there is one out there, they will be able to find it.

We would be willing to do a little research on your behalf if desired.

Best regards,

The Eckler Team
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363

Dear Julie,

Yes, there are possiblities in Sarasota. I am working with a family in the very same situation right now. Sometimes Sellers originally think they wouldn't entertain a Lease-option, but as time goes by and their house doesn't sell, they become open to the idea. I have been calling the Sellers of homes my clients are interested in to find out if they would be interested in a lease-option. MLS doesn't accurately list all the possibilites. It takes some sleuthing.

All the best,

Sherri

Dear Julie,

There are some seller's who are offering a lease/purchase option. I would caution you however, to be certain that these folks are NOT in a distressed situation, so that you won't lose money. I can assist you with your search if you like.

Thank you,

Carrie Roberts
Michael Saunders & Company
5100 Ocean Blvd.
Sarasota, FL
941-539-3407

HI Julie,
I would check with a mortgage comany and find out first if you are pre-qualifed to purchase. Its a better time to buy now than rent. FHA loans are only 3 1/2 percent down and if you close on a property prior to Nov 30.09 and have not owned a home in the past 3 years you can qualify for the $8000. tax credit. This would be what I would look into first. Paula at MSC Mortgage can prequalify you. She is with Wells Fargo. Her office number is 941-441-0180. In the meantime, please feel free to search for properties in all price ranges on my web stie at http://www.sarasellssarasota.com/

Good Luck,

Sara

Hi Julie,

There are plenty of rent to own or lease purchase opportunities in Sarasota. Many sellers who are having a difficult time selling because of the market and amount of inventory creating competition are seeking any creative ideas in order to sell their properties. Even if a property is not listed as such, you can always ask if they will consider it. It is important to use a realtor who understands how this is done and can negotiate the terms for you.

My best,
Terri

Teresa M. Fellows
Broker/Associate
Waterside Realty LLC
941-350-4297
tmf4257@mac.com http://www.floridawestproperties.com

Hi Julie,

There are limited possibilities for a rent to own property. Myself I have a listing in North Port, which is a single family home with a lease option to buy. It is on 2399 Bronco Ln. If you like, I can forward you the ifnormation via e-mail.
Have a great wekend

Werner

Dear Ms. Rendon,

Yes, there are sellers who will entertain a lease option. I wouldn't be surprised, though, if you were able to qualify for a mortgage. Rates are at an all-time low interest. Combined with today's low real estate prices, there couldn't be a better time to purchase. I'd be happy to refer you to a lender or two here to see if you qualify. This way, you'll be rest assured of what you can/cannot do.

Best Regards,
Carla Rayman, Your Global Agents
Director of International Business Development
Prudential Palms Realty, Sarasota, Florida
941 724 0519